What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore. I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports. The reason that I use this segment of the market is that it has the most influence on the general value trends.

The number of Lake Tahoe homes for sale on the Nevada East Shore remains stable! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by .5% to show that 11.9% of the available homes are now pending sales in escrow. This is due to the number of homes for sale decreasing by 1 for a total of 178 as the pending sales increased by 1 for a total of 24. There are currently 2 bank owned foreclosures and 2 short sales on the market.

There were 3 completed sales for a year-to-date total of 81 sales. The sales were on Aspen Way for $365,000, a townhome on Spooner for $390,000 and another single family home on Zephyr Heights Dr for $450,000. The low end sales were enough to lower the 6 month average sales price by 10% to $912,176. The average days on market are 181 days. For more information, contact your Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

It looks as though the increasing number of homes for sale in South Lake Tahoe are now leveling! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 1.3% to show that 23.4% of the available homes are now pending sales in escrow. This is due to the number of homes for sale decreasing by 6 as the pending sales increased by 7. There are now 7 bank owned foreclosures and 3 short sales currently on the market.

There were 9 completed sales this past week for a year-to-date total of 305 sales. The lowest sale was a condo on Ski Run Blvd for $210,000. Most of the sales were below $400,000. The top three sales were on Cochise Cr for $600,000, Ababco St for $645,000 and a townhome on Ala Wai Blvd for $1,975,000. The sales had increased the 6 month average sales price by .7% to $459,526. The average days on market are 114 days. For more information, call your local South Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email jim@hotwiretotahoe.com.

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

The number of South Lake Tahoe homes for sale continues its rapid pace upward as the pending sales slip down! To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had decreased by 1.7% to show that 20% of the available homes for sale are now pending sales in escrow. This is due to the number of homes increasing by 10 for a total of 388 homes and the pending sales decreasing by 8 for a total of 97 sales. There are now 4 bank owned foreclosures and 2 short sales available on the market.

There were 15 completed sales this past week for a total of 279 sales. The lowest sale was on Linda Ave for $180,000. Most of the sales were below $400,000. The top three sales are on Lake Tahoe Blvd for $420,000, Apache Ave for $518,500 and San Francisco Ave for $525,000. The 6 month average sales price decreased by 2% to $456,341. The days on market are 116 days. For more information, contact your South Lake Tahoe real estate agent, Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com.

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore. I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports. The reason that I use this segment of the market is that it has the most influence on the general value trends.

The number of Lake Tahoe homes for sale on the Nevada East Shore has risen slightly but the market overall has been stable! To measure the current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes for sale and the pending sales. This past week the Market Activity Ratio had increased by 1.4% to show that 11.4% of the homes for sale are now pending sales in escrow. This is due to the number of homes for sale increasing by 8 for a total of 179 homes and the pending sales increasing by 4 for a total of 23 escrows. There are currently 3 bank owned foreclosures and 2 short sales available on the market.

There were two completed sales this past week for a Year-To-Date total of 75 sales. A townhome on Quaking Aspen sold for $460,000 and a single family home sold for $570,000 on Chimney Rock Rd. The 6 month average sales price did decrease by 12.4% to $1,014,083. The average days on market are 189 days. For more information, contact your Lake Tahoe real estate agent, Jim Wire, 530-314-9008 or email to jim@hotwiretotahoe.com.

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

The number of South Lake Tahoe homes for sale are quickly reaching levels that we haven’t seen since the recession! This may bring down some of the speculative prices that sellers were hoping for. To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between the number of homes on the market and the pending sales. This past week the Market Activity Ratio had decreased by .8% to show that 21.7% of the homes on the market are now pending sales in escrow. This is due to the number of homes for sales increasing by 19 as the pending sales increased by 1. There are now 378 homes on the market and 105 pending sales. The distress sales represent 1.9% of the available inventory and 9.5% of the pending sales. There are 5 bank owned foreclosures and 2 short sales on the market.

There were 17 completed sales for a Year-to-date total of 264 sales. The lowest sales was a condo on Bonanza for $125,000. Most of the sales were below $400,000. The top three sales were on Cochise Cr for $535,000, Kekin St for $575,000 and Grizzly Mountain Rd for $855,000. The 6 month average sales price increased slightly by .1% to $465,615. The average days on market are 120 days. For more information, contact Jim Wire, your South Lake Tahoe real estate agent at 530-314-9008 or email to jim@hotwiretotahoe.com.